Quote on FPI : FPIs continued to buy equities in August in spite Says Dr. V K Vijayakumar, Geojit Financial
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Quote on FPI By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"FPIs continued to buy equities in August in spite of rise in US bond yields and rising Dollar. In August, as per NSDL data FPIs bought equity worth Rs 45346 cr through the stock exchange till 26th August. They were buyers in the cash market too in all days of August except three.
FPIs are now buying stocks of financials, capital goods, FMCG and telecom. The fact that FPIs are buying in India even amidst strengthening dollar is a reflection of their vote of confidence in the Indian economy.
The ultra-hawkish stance of the Fed at Jackson Hole is a short-term negative for equity markets. This might impact FPI flows in the short-term."
Above views are of the author and not of the website kindly read disclaimer
Tag News
Trend reversal in FPI investment from buying in last 3 months to selling in Sep
More News
Quote on Morning market 23 February 2022 By Dr. V K Vijayakumar, Geojit Financial
